Morning Report – January 10th, 2014.

Morning Report – January 10th, 2014

Yesterday had the feel of a distribution day with the NASDAQ gapping open into new high territory only to close at 33.69% of its daily range, down .2%. It would’ve felt more bearish if the selling had come at the end of the day, but the selling occurred early in the day, and by the end of the day the S&P E-mini futures managed to claw their way back to mitigate the losses. That bounce back continued throughout the overnight session, and stock futures are trading near their highs as I write this. The strong futures indicate that traders are anticipating a good jobs report which will be released at 7:30 AM Central time. We should anticipate the usual gyrations when the number comes out. Read full report

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About the Author

Ron Brown is a highly experienced investor who has benefited from his experience in using the High Growth Stock Investor software to develop sensible processes to reduce the time to ferret for profitable stocks. Ron contributes many of the tutorials and weekly reports contained on this website, and contributes to the Woodward and Brown newsletter. Ron Brown Investments may be reached at Ron@HighGrowthStock.com.

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